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National
No, United Auto Workers are not paid $75 an hour
National
No, UAW workers are not paid $75 an hour
Auto workers on strike are demanding 40% raises from Ford, GM, and Chrysler (Stellantis). But they don’t make $75/hour, like some claim.
Money
No, the U.S. government isn’t planning to recall the dollar
The U.S. government isn’t planning to recall cash and replace it with a digital dollar, as people online claim. Here’s what we can VERIFY about a CBDC and FedNow.
Money
Yes, a new federal rule would expand who’s eligible for overtime pay
Millions more workers could begin receiving overtime pay under a new proposed regulation from the Biden administration.
Money
Biden admin proposal would expand overtime pay eligibility
Most workers making less than $55k would be guaranteed time-and-a-half pay for overtime hours.
Money
No, Congress is not considering a law that would ban credit card rewards
The Credit Card Competition Act, which some are calling the “Big Box” law, does not ban rewards. But some banks are warning that rewards could be at risk.
Recalls
Yes, Target has recalled more than 7 million candles due to reports of severe burns and lacerations
On Aug. 11, Target expanded a recall of Threshold candles, sold exclusively at Target, over severe burn and laceration hazards.
Environment
Energy Department not banning all incandescent light bulbs
A federal ban on the sale of most incandescent and halogen light bulbs will not apply to all lights, such as those in appliances, headlights and heat lamps.
Courts
Shein RICO suit not the same as criminal charges
Designers accused Shein of copyright infringement and racketeering in a civil suit. It’s not a criminal case like those used for mobsters.
Courts
No, Shein has not been charged with RICO crimes
Three designers brought a civil RICO suit against the fast fashion company, but that’s different from criminal charges akin to mafia prosecutions.
Money
Bank of America customer payouts will be automatic
BofA will pay out more than $100 million to consumers who were charged illegal fees. Customers don’t have to file a claim to receive a refund.
Food
Yes, a can of Prime energy drink contains more caffeine than a can of Red Bull
The FDA has been asked to investigate PRIME, an influencer-backed energy drink that contains nearly double the amount of caffeine as a can of Red Bull.
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